UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
JANUARY 7, 1999
COMMISSION FILE NUMBER: 0-13368
FIRST MID-ILLINOIS BANCSHARES, INC.
(Exact name of Registrant as specified in its charter)
DELAWARE 37-1103704
(State or other jurisdiction of (I.R.S. employer identification No.)
incorporation or organization)
1515 CHARLESTON AVENUE, MATTOON, ILLINOIS 61938
(Address and Zip Code of Principal Executive Offices)
(217) 234-7454
(Registrant's telephone number, including area code)
ITEM 5: OTHER EVENTS
PRESS RELEASE:
A copy of the Corporations press release dated January 7, 1999, is provided
as an attachment to this form 8-K.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
FIRST MID-ILLINOIS BANCSHARES, INC.
Date: JANUARY 7, 1999 By: /S/ DANIEL E. MARVIN, JR.
Daniel E. Marvin, Jr.
President and Chief Executive Officer
ATTACHMENT
FIRST MID-ILLINOIS BANK & TRUST
1515 CHARLESTON AVENUE
MATTOON, ILLINOIS 61938
PRESS RELEASE:
For Immediate Release
January 7, 1999
First Mid-Illinois Bank & Trust announced today that it has reached
agreement to acquire Bank One Illinois' banking operations in Monticello,
Taylorville and Deland.
Daniel E. Marvin, Jr., Chairman of First Mid-Illinois Bank & Trust, said,
"We are pleased to be able to add Monticello, Taylorville and Deland to the
growing list of communities we serve in east central Illinois. First Mid-
Illinois operates with a community banking philosophy where decisions are made
at the local level. These communities are logical extensions to our market and
we look forward to becoming an active partner in the communities we serve."
The agreement is subject to regulatory approval and the transaction is
expected to be completed in early spring, 1999. Through the transaction, Bank
One's customers in these communities will become customers of First Mid-
Illinois Bank & Trust.
John M. Remsen, Jr., President of First Mid-Illinois Bank & Trust, said,
"We are excited about this opportunity and we believe the transition will be a
smooth one for the customers. We will communicate with our new customers well
in advance of the actual transfer. Our primary mission is to offer banking
services which exceed our customers' expectations and no other aspect of our
relationship can be more important than making new customers feel comfortable
with First Mid-Illinois' products and services."
First Mid-Illinois Bank & Trust, headquartered in Mattoon, Illinois, is a
subsidiary of First Mid-Illinois Bancshares and has total assets of $530
million. This transaction when completed is expected to add approximately $70
million to First Mid-Illinois' totals. First Mid-Illinois operates full
service community banking facilities in Charleston, Mattoon, Neoga, Sullivan,
Arcola, Tuscola, Effingham, Altamont and Urbana. When completed, Monticello,
Taylorville and Deland will become a part of the First-Mid family.
For further information, please contact Daniel E. Marvin, Jr., Chairman of
the Board at 217-234-7454.
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